MDU Resources Group, Inc. Common Stock (Holding Company) (MDU)
17.82
-0.09 (-0.50%)
MDU Resources Group, Inc. is a diversified company that operates primarily in the natural resources and energy sectors, providing a range of services and products
Its activities are broadly divided into segments, including construction materials, utility services, and renewable energy. The company is involved in the production and distribution of electricity and natural gas, as well as the mining and processing of construction aggregates, making it an important player in infrastructure development. Additionally, MDU Resources focuses on sustainable practices by investing in renewable energy initiatives, contributing to a cleaner energy future while supporting the growing demand for energy-efficient solutions.
What a brutal six months it’s been for MDU Resources. The stock has dropped 33.7% and now trades at $17.91, rattling many shareholders. This may have investors wondering how to approach the situation.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the construction and engineering stocks, including MDU Resources (NYSEMDU) and its peers.
Energy and construction materials company MDU Resources (NYSEMDU) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 5% year on year to $1.05 billion. Its GAAP profit of $0.32 per share was also 3.2% above analysts’ consensus estimates.
Companies Reporting Before The Bell • Ares Management (NYSEARES) is expected to report quarterly earnings at $1.09 per share on revenue of $864.54 million.
Analyst Ross Fowler reinstated coverage on 4 US utilities in Great Plains, reinstating Buy rating for EVRG, MDU, Neutral rating rating on OGE and Underperform for BKH. EVRG's improving regulatory environment makes it undervalued, while MDU's transition to regulated utility and pipeline operator justifies its 15% discount. OGE's execution and growth potential from data centers and crypto-mining load are offset by risks from challenging regulatory environment and capital investments. BKH's electric utility operations poised for growth, but $1.6B in debt maturities could create EPS headwind.
Natural gas distribution companies offer services to transport natural gas from the region of production to millions of consumers across the United States.
By the close of today, January 01, 2024, MDU Resources Gr (NYSEMDU) will issue a dividend payout of $0.12 per share, resulting in an annualized dividend yield of 2.67%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on December 13, 2023.
